Sensex poised interestingly in the 20000 range
India's premier stock index, the Sensex ended the day yesterday at 19956 points just shy of 20000. The important point to note that it is the first time in a week that it decisively ended below the 20K mark. The fall of close to 150 points is quite significant. And this means that this is likely to exert psychological pressure downwards. The apparent reason for this extent of an intra-day fall in the Sensex is reaction to jitters in the Euro area which was rocked by protests in some countries over austerity measures proposed by ECB to bring the area countries' sovereign debt load under control. There could be some credence to the mainstream view that liquidity and buying pressure from the FII's that has taken the Sensex rally so far to the 20K. It is interesting to note that while stock markets in the US (DJIA) were languishing in the 10200-10500 range from May thru August 2010, Emerging Stock markets kept going higher. Indonesia has now surpassed...